ARLINGTON, Va. — The Retail Industry Leaders Association here and CargoNet, Jersey City, N.J., a division of Verisk Analytics’ ISO Crime Analytics unit, announced the establishment of an exclusive strategic alliance with the goal of combating the growing problem of cargo theft across the retail industry.
According to the 2010 United States Cargo Theft Report (http://www.cargonet.com/annual_report/2010.pdf) issued by CargoNet, reported incidences of cargo theft increased by 50% compared to 2009. According to the FBI, cargo theft from commercial shipments is a multi-billion dollar industry in the United States.
“Cargo theft has become a significant pain point for retailers,” said Lisa LaBruno, RILA’s vice president of loss prevention and legal affairs, in a statement. “Through this joint endeavor and use of the information-sharing network that has established CargoNet as an industry leader, we hope to stem the tide of cargo theft and maximize recoveries for retailers.”
Through CargoNet’s information-sharing network, theft incident details are passed on to statewide law enforcement systems and several non-law enforcement channels almost immediately after a theft is reported. The network ensures law enforcement can efficiently find critical information to help solve complex investigations, identify perpetrators, and recover stolen product.